Tether is negotiating with investors to raise $15–20 billion in funding. According to Financial Times and Bloomberg, if the deal is successfully completed, Tether’s valuation could reach $500 billion, making it one of the most valuable private companies in the world.
Sources report that Tether plans to conduct a private placement by issuing 3% new shares. However, the details of the deal may change. Tether’s CEO Paolo Ardoino confirmed this information on X (formerly Twitter). According to him, the funds raised will be used to expand Tether’s strategy, particularly into new business areas such as stablecoins, artificial intelligence, commodity trading, energy, communications, and media.
If Tether’s valuation truly reaches $500 billion, it would surpass the current leader, SpaceX ($330 billion). The second place is held by the Chinese company ByteDance ($330 billion), the owner of TikTok.
Tether is the issuer of the USDT token, pegged to the U.S. dollar, and is the largest stablecoin. As of September 24, its market capitalization stands at $172.77 billion. For comparison, the second-largest stablecoin, USDC, issued by Circle, has a market cap of $72.95 billion.
Additionally, in early September, Financial Times reported that Tether was negotiating to invest in the gold mining sector. The company intends to invest in the entire gold supply chain—from extraction and refining to trading. Last May, Paolo Ardoino referred to gold as “nature’s Bitcoin.”
